Reinsurance News


Generali sees GWP rise to €22.2 billion in Q1, driven by growth in P&C

25th May 2023

Italy-headquartered insurer Generali has reported that gross written premiums increased to €22.2 billion in Q1 of 2023, driven by robust growth in the P&C segment, which was up 10.1%. Meanwhile, Life net inflows were €-190 million, with net outflows from savings that were partially compensated by positive net inflows in both ... Read the full article

Generali Malaysia aims higher positioning post business integration

18th May 2023

Generali Malaysia aims to become one of the largest general insurers and emerging life insurer in Malaysia following its business integration with Affin Bank Bhd. Generali Group successfully acquired a controlling majority in AXA Affin joint ventures in Malaysia and completed the purchase of MPI Generali Insurans Berhad. The transaction valued ... Read the full article

Generali shareholders approve board additions & dividend

3rd May 2023

Generali shareholders have voted to approve the company’s 2022 financial statements and distribution of its dividend, as well as to approve the appointment of Stefano Marsaglia as a member of the Board of Directors. Marsaglia will hold office for the financial years ending on 31 December 2023 and 2024, and will ... Read the full article

Kevin Strong named new N2G CEO

11th April 2023

N2G Worldwide Insurance Services, LLC has hired Kevin Strong, former Head of Multinational Business of The Hartford, as its new CEO, replacing retiring Bill Skapof, who led N2G since its foundation in 2020. Strong has over two decades of industry experience, having most recently served as Head of Multinational at The ... Read the full article

Generali UK choses Supercede for reinsurance data management

21st March 2023

Generali UK Branch has opted for Supercede to prepare and manage its reinsurance data, including data cleansing, preparation, and validation. According to the announcement, choosing to use the Supercede platform will significantly speed up Generali processes and reduce manual processing time. This decision follows a successful trial period in the UK, which ... Read the full article

Generali achieves record operating result, P&C growth

14th March 2023

Italy-headquartered insurer Generali has reported a record operating result of €6.5 billion for 2022, helped by a significant improvement in its Life segment results, as well as premium growth in Property and Casualty (P&C). The overall operating result was up 11.2% over the previous year, although the increase in the net ... Read the full article

Generali GC&C names Christian Kanu as CEO

19th January 2023

Generali Global Corporate & Commercial (GC&C) has announced the appointment of Christian Kanu as Chief Executive Officer, set to take effect from January 30, 2023. In the new role, Kanu will manage the implementation of the Generali Global Corporate & Commercial business in all markets where GC&C is present, in line ... Read the full article

Once again, UnitedHealth is the world’s largest insurer ranked by NPW

11th January 2023

Over 12% growth in net premiums written (NPW) in 2021 ensured that UnitedHealth Group Incorporated remains the world's largest insurance company when ranked by NPW, while global insurer Allianz sits atop the table when ranked by non-banking assets. Our directory of the World’s Largest Insurance Companies, which is ... Read the full article

Generali says Cattolica integration proceeding swiftly

13th December 2022

Generali has put out an update for the financial community on the integration of cooperative insurance firm Cattolica and the implementation of new accounting standards. The financial giant said in its two-page update that an effective and accelerated integration process had caused synergies under Cattolica to rise from €80m by 2026 ... Read the full article

Cecilia Chang named CEO of Generali Hong Kong unit

25th November 2022

Generali Asia has announced the appointment of Cecilia Chang as the Chief Executive Officer of Generali Life (Hong Kong) Limited and General Manager of Assicurazioni Generali S.p.A. Hong Kong Branch. Chang joined the Generali Group in 2016 in Hong Kong as Head of Financial Lines and Underwriting, Asia for the Global ... Read the full article

Generali reports GWP increased to €59.8bn in Q3, driven by growth in P&C

10th November 2022

Italy-headquartered insurer Generali has reported Gross Written Premiums rose to €59.8bn in the third quarter of 2022, citing continued growth in the P&C segment. The net result for the quarter stood at €2,233 million, compared to €2,250 million in the same quarter last year. This was affected by the impacts of ... Read the full article

Generali reaches insurance distribution agreement with CTT Group in Portugal

7th November 2022

Generali’s Portuguese entity Tranquilidade has entered into a long-term agreement with CTT Group, the Portuguese postal services group, for the distribution of Life and P&C policies, with the partnership being reinforced by the acquisition of a stake in ... Read the full article

Generali and Crawford & Company announce cyber partnership

2nd November 2022

Global insurer Generali has partnered with Crawford & Company to provide specialist cyber incident response and loss adjusting services globally. Crawford & Company is described as the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporations. According to the announcement, thanks to this partnership ... Read the full article

Insurance an “essential stabilizing force” amid uncertainty, concludes UN

25th October 2022

A new report by the United Nations Development Programme (UNDP) has concluded that insurance provides an essential stabilising force in the face of ongoing economic uncertainty for communities around the world, particularly for those living in vulnerable circumstances. The UNDP's Human Development Report was authored in partnership with Assicurazioni Generali and ... Read the full article

UNDP says IRFF needs more financing to support growth

25th October 2022

The United Nations Development Programme (UNDP) has said that its Insurance & Risk Finance Facility (IRFF) needs more financing that will be used to support its growth. The remarks were made by Jan Kellett, team and corporate lead for insurance and risk planning, and Daniel Stander, special adviser on sustainable finance, ... Read the full article